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Search Results 0 to 31 of about 32 (some duplicates have been removed)
monti intends to resign. berlusconi hopes to stage a comeback. >> stormy political weather ahead for italy. suddenly, mario monti is on the way out. there will be early elections and berlusconi is reaching for power again. on the markets, there is deep unease. they're like the austerity measures and the reforms of the technocrats, mr. monti. they fear the return of politics as usual in italy. even if berlusconi is far behind in the polls, the very idea his attempt at come back has jangled nerves. >> the markets are shocked at the prospect that berlusconi would become prime minister again. he is responsible for the crisis in italy. he should enjoy his pension. the reforms have to go on. >> in this from the marketplace, there is not much enthusiasm for a return of mr. berlusconi. >> we italians need to worry, not because of the current crisis. more because this idiot berlusconi is around. i hope it's a good smashed in the face. -- i hope he gets a good smash in the face. >> but berlusconi is a formidable campaigner. he will tell people that he will ease their economic agony. he wil
his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and the s&p 500 being called down by a bybit, as well. we saw markets coming off on friday stateside. pretty significant drops, as well, given that we now seem to be a clashing of heads between the republicans and the democrats in regards to moving forward on the fiscal cliff issue. it does seems as though they're ru
that italy can go back on to a sustainable growth path and -- >> is that with or without berlusconi involved? because end of february are these elections. >> yes. the elections are, of course, more the campaign heading into the elections with all these noises, especially the end ecb noises that we hear from italy. that's going to cause concern that if italy does need help, how likely are they going to be to get it? in the years from 1993 to 2007 italy brought down its debt to gdp ratio to almost 100% and half of that time berlusconi is prime minister. it's not like berlusconi has a record of fiscal spending. >> no. but i guess also the times were different. >> the times were different but the interest rate was slightly higher than it is now. but the primary surplus of the country ran over that period which was an acceptable 3% on average is already right now reached once again. so all the parameters are in the right place and the only thing the next government needs to do is actually nothing. if it does nothing, if it doesn't reverse the reforms -- >> what's interesting is what berlusconi is
-off that we saw on monday and the monte/berlusconi news, now berlusconi might be indicating willingness to let monti govern. the xetra dax is lower this morning. the ftse 100, too, down about 0.2% respectively. take a look at the bond curve. spain, this will be a good proxy for now. we'll get the ten year for italy in just a second. 35.34% is the level there. u.s. benefiting from fund flows well. choppy trade across the picture here. let's look at the italian curve before we get the results later today. we are seeing green across the board, so yields dipping before that probably has more to do with the political rhetoric we're seeing especially coming from berlusconi. under 4.6% for the ten-year and on the short and two, a bit of a rally. finally, let's close taking a look at the forex. euro/dollar is weaker. and it's holding just above 1.30. and the dollar/yen, this is the one sixuan mentioned to watch. heading into japanese elections, stocks outperform adding oots .1% to 83.35 this morning. >>> south korea's central bank may be worried about factors in the economy, but the dok says the econo
. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i said, i think this is a for real term. if they continue to innovate. i may this may not be your cup of tea, burger, but innovation s higher. >> they tried to sell it to consumers as opposed to their extra value menu, which is a little bit hi
of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- wishers and supporters were helping his recovery following the cancer operation. there is been speculation over whether his health has left him fit to lead the country. >>> a 6-year-old british girl who was abducted by her father and to pakistan three years ago has been reunited with her mother in the u.k. in the past couple of hours she arrived at manchester airport. she was taken from her home in greater manchester on her third birthday, found with the help of the pakistani authorities and is understood to be fit and well. the police officer who met her off the airplane has been talking to the bbc. >> she has been reignited at a hotel near manchester airport with her mother. -- she has been reunited at a hotel near ma
for her. >> shepard: my goodness bunga bunga time. the former prime minister silvio berlusconi the gift that keeps on giving is not letting legal troubles interfere with his love life. the now 76-year-old media tycoon says is he engaged to the woman you see here, she is 28. that's about 50 apart. this video would -- this would be silvio berlusconi's third marriage. is he now fighting charges of having sex with an underaged woman known to the world as ruby the heart steeler and using his office to cover it it up. in october, another court convicted him of tax fraud and sentenced him to four years in the clink. but he is appealing that conviction and says he is considering running again for prime minister of italy. the syrian regime can and will deploy chemical weapons on its own people unless other nations step in. that's the word now from a former syrian general who now leads the rebels. plus, investigators say this beauty queen died after a shootout in mexico and they have now linked one gun at the scene to the failed operation fast and furious. plus, the latest winter storm could thro
. >> so here's italy. silvio berlusconi. your intro was about mario monti which is all true. silvio berlusconi, the former prime minister of italy -- >> my favorite. >> thank goodness for silvio berlusconi. >> look at his hair. what is he, 76? >> 76. he just sat down with cnbc italy over the weekend. silvio berlusconi says he does not want to run for prime minister, but, he is obligated to, because the country needs him so desperately. he is the only one that can bring together 40% of the people who vote for him, so that way the left does not control italy. >> he could not get 40%, could he? or could he? >> i don't know if he could get 40%. he thinks he can get more than anybody else. >> really? >> yes. >> now the question is, 40% isn't enough once you're in a parliament, right, because of a parliamentary system and two other parties that used to support him no longer do. it's not clear what they would ultimately do, would they really link to the left? it's hard to say. more than italy, remember, they would never agree with this, but they're far more dramatic than southern italy. >>
you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator whatever that means but italy has its own laws as you know, probably as well as anybody. but he wants -- he'd like to continue to run the show because he feels just like mario draghi that he's been very successful and he can't let go of the reins. now i understand that. but he doesn't want to run. >> he's been very successful and he tells us about that. >> right. >> he had his july 26th surprise between him and mario draghi but in the end as you pointed out off camera he doesn't want to lose. he's not going through the process in a way where he can lose. basically if you appoint me i'll take it. >> right. >> i think president obama or any politician in the u.s. would love to have those terms up. >> right. he wants the terms. no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big mo
after the party of sylvia berlusconi withdrew support for monti's government last week. berlusconi has indicated he will run for leadership again. cnbc's carolin roth will join us from italy with the latest in a few minutes. when i was over there, i had to have the -- all the political signs translated because there's a picture of monti sitting under a beach chair drinking a drink and all the text was send monti to the beach. they already didn't like him. >> he had very high disapproval ratings. i remember last summer i had seen that somewhere. >> they want to send him to the beach. the major european averages at this hour, there they, they're all down. not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and closed mostly higher on the session with good gains, as you can see, with the kospi up the most, 1.5 points. >> strong nebs o
government could fall. >> the "b" word, berlusconi, incredible. see you later. if you're just joining us here is what you missed earlier this morning. >> welcome to hour three of "squawk on the street." here is what's happening so far. >> a sound fiscal position is necessary to protect the economy. >> okay. >> if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. >> 370,000, a drop of 25,000, because the 393 originally released last week was upgraded a couple of thousand. >> people are truly perplexed about what the stock is, where it got to, what do you do with it. >> so you can come up with a million reasons. it's manufacturing, well, maybe it is manufacturing, but is there really a demand question about apple's products? [ bell ringing ] >> there is a scenario says and some people believe in it, go over the cliff and if about two, three days we'll have it settled. . look if we knew that was going to happen i'd say go over the cliff. two or three days is not going to do any harm. suppose it's two or three weeks, suppose it's two o
. berlusconi says spreads, this is really just a scam. monty says we should care about spreads. want to bring in a third opinion. let's talk about bepo grillo, founder of the five-star movement. not a political party but a movement which benefits from voters' disenchantment with mr. berlusconi and mr. monty. he agrees with mr. berlusconi on one thing. he says spreads are all just based on speculation. >> translator: the spread is completely detached from the real economy. the spread is mental hallucination created by speculation in the banking sector because half of the italian debt is owned by foreign banks. these banks try to get high rate in order to earn more. so we are a victim of banking speculation, of both foreign and domestic banks. we shall detach from the real economy. we need to stop this vicious cycle of debt that is strangling us. >> reporter: many would argue it's the right time for mario monty to leave the political scene. would you agree? >> translator: he needs to disappear. he was, as the americans say, a bluff, a bubble, a bankruptcy curator. our country went bankrupt last
berlusconi plans to run to become prime minister for a fifth time. the media tycoon says he's returning "sadly to public service out of a sense of responsibility." the 76-year-old resigned last year amid italy's deepening economic woes. he still faces allegations he paid for sex with an underaged prostitute. berlusconi denies that. >>> to politics. he served his state as a republican, left the party, turned pent, and now charlie crist is officially a democrat. crist announced he signed papers switching his party. some are speculating he made the move to run against rick scott in 2014. the latest now on the fiscal cliff. there has been very little actual movement this week on it. both sides have their proposals on the table, but it seems like no one is sitting at those tables. there's been a lot of back and forth on television, but what's really getting done, if anything? joining me now as they do every week, cnn contributor maria cardona, and amy holmes, anchor for real news on the blaze. good morning to both of you. >> good morning, randi. >> i'm sure you've been watching all the back
-old berlusconi has announced an engagement to his 27-year-old girlfriend live on italian television. the billionaire revealed that he finally felt, quote, less lonely thanks to his relationship. it will be mr. berlusconi's third marriage provided he can reach divorce arrangements from his current wife. >>> now as investors prepared to head home for the long christmas holiday, we're taking a look at what is in store. a slow grind to recession, that man is david evans, chief financial economist at jeffries. thanks for joining us. when do we come out of recession in europe? >> the uk at the moment is showing clear signs of recovery. i think if we can through the first quarter of nkts year, it all will be recovering. i don't care expect this to be a real turn until the second half. as we go into the second half of next year, it will become clearer. even the eurozone is recovering. within that, you'll have very much the laggards. france won't do particularly well, but germany and italy maybe next year have a potential surprise on the upside. >> how much of a surprise? >> it will not be a
he will step down when the budget is passed. berlusconi's turn started a year ago. >>> north korea saws a launch is designed to get a satellite into orbit. >>> the syrian rebels are taking an important step. while the fighting will rages, hillary clinton is getting ready to meet with a group of countries supporting the rebels. this would be washington's first step to formally recognizing the opposition government, something france and britain have already done. the army is moving to unify it's command structure to make thorough is has a more educative fighting force. this morning, nelson mandela is in the hospital, jacob zuma paid him a visit, and said there is no cause for alarm. >>> susan, as you can imagine, south africans are holding their collective breath, their very worried about their beloved former president. they call him father in one of the native languages, they adore him. he helped bring democracy to this nation. we're getting very little information about what is wrong with him. as you said, the president visited nelson mandela, and he came out saying he is in good c
cone any is going to run again. ben weedman the thought of the return to berlusconi is rattling some folks' nerves. >> reporter: he's back. he says he's run for the premiership for the sixty time in 20 years. a year after he resigned as prime minister he's coming back more emphatically as ever telling an appreciative audience in rome he'll denounce the policies of his successor, mario monti, and his management of the current economic crisis. after decades in italian politics, this 76-year-old businessman appears rested and ready for a fight. tan and fit not and a gray hair on his head. he's not without troubles of his own. he's appeals a kwixz for tax evasion and on trial for allegedly having sex with a minor, a now of age moroccan dancer known as ruby, the heartbreaker. belusconi is in and monti will soon be out. he's step down as soon as parliament passes its 2013 budget. stepping down doesn't mean he's stepping out. many here speculate he's simply preparing to take off his mental and don that of a politician and run himself for the premiership in elections early next year. monti's
column. >> silvio berlusconi getting hitched. he is engaged to a 28-year-old woman. this is while his sex for hire trial continues in milan. berlusconi is flirting with another run for prime minister. >> that must have been some engagement ring, right? >> that guy, he has -- >> the guy may want to be prime minister, forgetting all of his other problems, europe, the financial sector, terrified of that. >> silvio berlusconi, the gift that keeps on giving. >> john tries to make this very serious. i appreciate you bringing it back to the financial crisis. >> no, no, no. we were focused on something different. >> the sex for hire trial? the proposal during the sex for hire trial? >>> main street might be seeing a run for guns in some places, but wall street, it's the opposite. a look at that, coming up. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 do
between silvio berlusconi, the former prime minister, who this week withdrew his support for the existing mario. they will not call for a dissolution of the par lament or the government in italy. that is a promise made by berlusconi. that is good news because as far as barclays capital is concerned it doesn't matter for the markets. what you really need is a stable government and saying to the opposition, look, if do you empower, make it clear you're going to come through with reforms that are already on the table. in that environment, the fact that we're not going to have a disorderly dissolution in italy, you've seen the yields, in fact, fall on the italian debt. so after yesterday, the yields spike. in other words, the bond market is rising and a little bit more. >> do you think there's as th ce he runs again, berlusconi? >> probably not. the reason he did that, withdrew his support is -- the expectations is not that he'd run, but who knows. the man is a dash the m-- the m character. >> yes, he is. have a great weekend. sharon epperson is live at the nymex. good morning, sharon. >> goo
this afternoon. talk maybe about berlusconi's engagement we we come back. the s military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> the european markets are closing now. >> and with that we surveyed the landscape of both green and red. want to bring in michelle caruso-cabrera as markets close i
headlines making news, former italian prime minister sylvio berlusconi, he was forced to resign last year. he's got a new girlfriend. nbc reports he's dating an italian politician that is 49 years younger than he is. he's 76 and francesca is 27. now despite facing a trial for underaged prostitution charges berlusconi is also trying to return to power. he is running for a fourth term as prime minister. >> bill: how much older is he? >> 49 years older than she is. he's 76. she's 27. >> bill: viagra is a wonderful drug. >> another documentary about former president bill clinton is set to be produced to air on hbo. it has a major hollywood name behind it. deadline reporting martin scorsese will produce the project that will explore clinton's perspectives on history, politics, culture and the world. it is reportedly being made with the former president's full cooperation. look for it next year. >> bill: i don't know if he's putting any money into it. >> quite possible. and the world's oldest person, dina of iowa, sa
loss and support from the party of berlusconi paving the way for early elections a year after he pulled the country back from the brink of disaster. >> a massive search-and-rescue effort in the philippines with 900 fishermen missing after a typhoon struck. >> new fallout to the growing political conflict in egypt. egyptians in egypt are flooding into the united states many live ing egypt because of the crisis and for their safety. and now, live in los angeles. dominic, what sort of scale is this wave of asylum seekers? >> napolitano at homeland security says we are seeing a doubling of seekers since the muslim brotherhood took power and 100,000 egyptians have turned up according to unofficial figures. it is mostly the coptic christians and we understand, as well, that new constitution does so little to protect minority rights including christians there and this is an attempt by the islamist to wipe out what remains, really, of the christian community in cairo. take a listen. >> christianity is in the middle coast where the cultures have become islamic, christianity only accounts for 3 p
% of italians are against him running for a second turn. meanwhile, sylvia berlusconi promised yesterday if he's voted back in, he'll reverse some of monti's policies. >>> in tokyo, the newly elected prime minister is meeting with the head of the central bank. also, we'll head out to frankfurt where do you have ya mark may have dodged another bullet. >>> then it's over to hong kong. aig sells its remaining stake in aia and formally ends a partnership dating back 100 years. all of that straight ahead. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ecember 22nd for christmas delivery. >>> the latest numbers out of china, in the first 11 months, foreign investments led. investment from the u.s. did pick up. . on the equity front, the shanghai composite has been powering ahead up over 9% just this month. with external factors impeding economic growth, the long-term pir r picture may not be rosy. china is the only market of the year like
berlusconi's party with their support setting the stage for new general election in february. ♪ >> gregg: well, look out, from weather, leaving few areas of the country untouched. heavy snow, and strong winds, threatening to make christmas travel a real chore. the nation's airports now looking like waiting rooms. stranded passengers waiting for cancelled flights to be rescheduled and in green bay, wisconsin, home of the packers, buried in snow, so bad, lambeau field is hiring fans to help shovel it away before tomorrow's game. maria molina live in the fox extremes weather center. >> snow storm in the midwest and great lakes and north east and is now exiting the u.s. and pulling into canada amd winding down as far as intensity and snow goes well, have lingering snow showers, in up state new york and portions of vermont and western connecticut and massachusetts. again, overall, the storm system pretty much over and done with, the wind will continue to die down and temperatures, will be chilly behind the storm. midwest, southeast, quiet for today and as we head westbound we still have big t
. former italian prime minister silvio berlusconi will run in the for office in the spring after resigning in november. not going to. interesting. lori: we'll keep an eye on that development in europe. don't forget the ecb, this is headline, saying eurozone is in for more economic woes and great are contraction. switching gears here, the concern over the u.s. fiscal cliff has you looking for a way to invest in gold there is one place you might have overlooked and that is ebay. a gold dealer has teamed up with the online retailer to give consumers an easy way to purchase gold bullion. the company's ceo michael haines joins me with more. rich souvenirs. don't turn away. how much money is actually here in gold and silver? >> just on the table right here probably about 50, 60,000. lori: only? chump change. >> annual bonus. lori: how do you know that is real? >> this is made for example, this one right here is made by the united states mint. so your government is actually making coins so that he can own bullion in your own personal investment portfolio. lori: so if an investor goes to ebay to p
saw the negative reaction. sylvia berlusconi wants to make his return on the political scene. today, we saw a bounce back. if you can see see bind me, the bank stocks in italy rerebound, but it's only in the range of .5% to 1% of these names which were down in some cases nearly 10% yesterday. if you take a quick look at european bourses, if that's possible, down near the ftse mib, this is the one selling off somewhere in the range of 3.5% yesterday. today it's adding about .8%. in spain, showing a nice rebound. same attitude listing peripheral debt. we can take a look there. italy and spain seeing prices rise, yields falling to 4.75% and 5.75% respectively. is investor attention returning to spain? here is the thing. italy is the third biggest government debt market in the world. it's the third biggest economy in the eurozone. whatever happens with its political situation could put neighboring pressure on spain. the main thing to keep an eye on here is whether spain comes back into the markets cross hairs. we saw today an auction go up reasonably well. we're looking for the country
of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading so many basis points above the germans on their hourly bulletins. that was one of the reasons why at the height of it berlusconi was kicked out of power. he's saying now this is a total calm. italians essentially should ignore it. he said the spread is a con. back to you, carl. >> he is back. silvio is back. >>> as we head into the final fomc meeting of 2012 fed policymakers have traders on edge. want to get to rick santelli on that in chicago. >> i'm on edge, all right. let's do a summary before i bring my guest
this morning. back to you. >> did you see the -- berlusconi saying that italy might have to leave the euro -- i love this guy. and -- >> joe, i'll tell you, he has a point. a lot of people say if italy wasn't in the eurozone now, if you were to analyze the italian economy, current account surplus or ability to get there, it's competitiveness, that actually it would be in a decent position on its own. you know, that's a counter factual that may not be worth exploring. although berlusconi's clearly exploiting that perception. >> if germany doesn't agree to have -- to be a real central bank. he's looking good, 76. he's going to run again. his hair is jet black. and i think he's still -- >> i'm sure it's natural. >> you want to avoid him if you can. like -- keep your distance if you would. >> no, i don't have to -- joe, he's engaged now. he has another -- a new wife. >> i didn't realize that. then definitely. >> yes. i'm devastated -- >> the world's women are safe now. he's engaged. now, in february, there's another election. this is what i love -- he's way behind the leading party which has 30%. t
come out. one of, what will the clash with silvio berlusconi be? he said his economy was crippled and said the right would abolish property tax rises. the second more interesting question is whether or not monty in the game means the election result in february will be a less strong coalition to enact reform, which is clearly where we hope they will go as in keeping -- trying to keep the investor sentiment going. in rome, they actually auctioned 12 euros of bills. all the politics with berlusconi not really affecting the market. yields are low, confidence still in there. some italian banks rose on the back of that. not huge moves. you can see bpms, up 2.2%. in the center of europe where it was concentrated, other banks moved higher. i'll show you those, lloyds, in the netherlands. and one is a bank here. a tragedy really in spain. essentially 350,000 small shareholders you could argue, were conned to buying the bankia stock when the government owned it last year. they had products based on subordinate debt. we learned the bank's net worth is minus 4 billion euros. in other words,
president haas me mubarak's regime. silvio berlusconi said he's not done with politic s yet. he posted a message saying people are begging him to get back into politics so he'll run for prime minister again. he resigned as prien minister over a year ago at the height of his country's debt crisis. he's been linked to several scandals over the last few years. >>> if you won the lottery, withed you quit your job or keep it? >> i think i would keep mine. the second winner in last month' big powerball drawing says he likes his job and will keep working. the winner is a married man in his 30s who lives in arizona. he doesn't want to reveal his name or his identity. you can't really blame him for that. he and his wife will take home about $192 million before taxes. >>> and here's what's trending online today. the autopsy of murdered rapper notorious b.i.g. has been released 15 years after his death. among other things, it shows the rapper whose real name was christopher wallace, was shot four times but only one of the shots was fatal. >>> former florida governor charlie crist tweeted he has j
Search Results 0 to 31 of about 32 (some duplicates have been removed)